Seven million households used credit to pay for food

A poll of more than 2,000 UK adults has found that over 50 per cent of people who have yet to retire, are not paying into a pension.

  • From this number, more than 40 per cent of people said they could not afford a pension
  • Nearly two thirds of those still working do not feel confident they can live comfortably in retirement
  • More than a third have increased their total level of debt in the past month
  • Seven million households cut spending on everyday essentials
  • Four million households used credit to pay for food

Advertisement

Consumers 'unable to save'

Almost six million households dipped into their savings, to cover monthly household spending in the last month, a report has found.